Professional
Added to YB: 2025-05-02
Pitch date: 2025-03-31
TOL [neutral]
Toll Brothers, Inc.
+31.42%
current return
Author Info
No bio for this author
Company Info
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States.
Market Cap
$12.2B
Pitch Price
$105.88
Price Target
158.40 (+14%)
Dividend
0.79%
EV/EBITDA
7.41
P/E
9.28
EV/Sales
1.33
Sector
Household Durables
Category
value
Baron Real Estate Fund Portfolio Holding: Toll Brothers, Inc.
TOL (holding update): Luxury homebuilder insulated from high rates (25% buyers pay cash), valued at just 1.1x 2025E TBV & <7x P/E. Past peak multiple of 2.0x TBV implies 50%+ upside. Management targets high teens to 20%+ ROE, justifying future 1.8-2.0x TBV multiple.
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